24251 Lilac Lane, Lake Elsinore, California 92532, Lake Elsinore, 92532 - 3 bed, 3 bath
Loading property details...
24251 Lilac Lane
Lake Elsinore, California 92532
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,805Sq Ft
3,166Lot Size
Property Price
LIST PRICE$525,000
EST. MARKET VALUE
$546,467
3% BelowMARKET VALUE
SUMMARY
This Stunning Move-In Ready Home is a High-Potential Investment Opportunity, listed at $525,000—positioned well below the $546,467 Fair Market Value by 3%. This valuation gap offers $21,467 in Instant Equity. Featuring a Mint Condition Rating, this 2017 build includes a Granite Kitchen, Solar Panels, and EV-ready garage. With breathtaking lake views and access to resort-style amenities in the gated Westridge community, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking long-term value.
Estimated Market Value
$546,467+$21,467 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Lake Elsinore.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24251 Lilac Lane Subject 3 bd · 3 ba · 1,805 sqft · $303 | $525,000* List Price | 3 | 3 | 1,805 | $303 | - |
A 24136 Darmera Sold 3 bd · 3 ba · 1,750 sqft · $291 · 0.2 mi | $510,000 | 3 | 3 | 1,750 | $291 | 0.2 mi |
B 24060 Raptor Way Sold 4 bd · 3 ba · 2,020 sqft · $280 · 0.1 mi | $566,000 | 4 | 3 | 2,020 | $280 | 0.1 mi |
C 24150 Lavender Active 4 bd · 3 ba · 2,210 sqft · $267 · 0.2 mi | $589,000 List Price | 4 | 3 | 2,210 | $267 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2017, this property is less than 10 years old and remains in mint condition. The home features a modern open-concept kitchen with granite countertops and stainless steel appliances, luxury vinyl flooring, and updated systems including solar panels, a tankless water heater, and EV-ready garage.
PROSSTRENGTHS & OPPORTUNITIES
- Premium Lot and Views
The property is situated on a premium lot with no rear neighbors, offering exceptional privacy and breathtaking panoramic views of the lake, surrounding hills, and city lights.
- Modern Energy Efficiency
Built in 2017, this home is equipped with sustainable features including solar panels, a tankless water heater, and an EV-ready garage, providing significant long-term utility savings.
- Resort-Style Community Amenities
Located in the gated Westridge at Canyon Hills, residents enjoy access to a swimming pool, spa, clubhouse, dog park, and sports courts, offering a high-quality lifestyle package.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3166, other record lot size in square feet = 871.
- Limited Lot Size
Despite being one of the larger lots in the community, the 3,166 sqft lot is relatively compact, which may limit extensive gardening or large-scale outdoor recreation.
- Recent Price Volatility
The listing price was recently increased by $40,000 (from $485,000 to $525,000), which could lead to appraisal challenges or deter price-sensitive buyers.
About 24251 Lilac Lane
Views, Views, Views! Welcome to 24251 Lilac Lane, a beautiful 3-bedroom, 2.5-bath home situated on a *premium lot* in the desirable gated Westridge in the Canyon Hills community. Built in 2017, this two-story home offers an inviting open layout, abundant natural light, scenic hill and lake views, and one of the larger backyards in the community with no neighbors directly behind you! Step inside to discover a welcoming entryway featuring a beautiful accent wall, luxury vinyl flooring, and a bright, spacious interior. The open kitchen, dining, and living areas create the perfect setting for everyday living and entertaining. The kitchen features granite countertops, ample cabinetry, a pantry, reverse osmosis water filtration system, and **included stainless steel appliances**. Additional interior features include ceiling fans in the living room and primary bedroom, light dimmers throughout, and generous closet and storage space. Upstairs, retreat to the spacious primary suite, where you'll wake up to breathtaking views of the surrounding hills and lake. The primary bedroom features a walk-in closet and an en-suite bathroom complete with a dual-sink vanity, separate soaking tub, and walk-in shower. The additional bedrooms offer comfortable living spaces with ample closet space. The backyard is situated on a premium lot with no rear neighbors, this property offers exceptional outdoor space, privacy, and beautiful views. The spacious concrete patio and artificial turf side yard provide a low-maintenance outdoor setting with plenty of room for entertaining. Additional highlights include solar panels, a tankless water heater, and a two-car garage that is EV charger ready. Residents of this gated community enjoy resort-style amenities, including a swimming pool, spa, clubhouse, playground, basketball court, walking trails, and dog park. Conveniently located near Canyon Lake, shopping, dining, schools, wineries, and commuter access to the I-15 and I-215 freeways, this home offers the perfect combination of comfort, convenience, and lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2017
- Lot Size
- 3,166 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $229.0 / Month
Neighborhood Insights
Lake Elsinore Unified Schools
Cottonwood Canyon Elementary School
Grades K-5 • 1.0 mi
5/10
Tuscany Hills Elementary School
Grades K-5 • 1.9 mi
8/10
Herk Bouris Elementary
Grades K-5 • 2.1 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,805 | 2,014.188 |
| Lot Size | 3,166 | 7,537.856 |
| Price | $525.0K | $605.8K |
| Price per sq ft | $291 | $297 |
| Built year | 2017 | 2005 |
| HOA | $229.0 | $143 |
| Days on market | 23 | 70 |
Pricing History
Listed for Sale
Oct 16, 2026
$525,000
$485,000
+8% Price Increase
Initial Listing
Price Change
Oct 1, 2026
$485,000
Initial Listing
Sold
Jun 10, 2020
$340,000
Public Record
Sold
Dec 29, 2017
$334,500
Public Record